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Ibanker friend choosing mid market PE over megafund
| Infuriating cowardly weed whacker toilet seat | 05/08/12 |
| very tactful beady-eyed hell potus | 05/08/12 |
| Unholy stubborn striped hyena | 05/08/12 |
| very tactful beady-eyed hell potus | 05/08/12 |
| deep bawdyhouse | 05/08/12 |
| Infuriating cowardly weed whacker toilet seat | 05/09/12 |
| Unholy stubborn striped hyena | 05/09/12 |
| Infuriating cowardly weed whacker toilet seat | 05/09/12 |
| Unholy stubborn striped hyena | 05/09/12 |
Poast new message in this thread
Date: May 8th, 2012 11:12 PM Author: Infuriating cowardly weed whacker toilet seat He's gonna be making ~180k all-in at the mid market fund in LA, for about only 60 hours of work a week vs turning down a bottom tier megafund (Warburg, TPG, etc.) in NYC which pays 240k all in. Kid is only 24 (2nd year banker) but claims he can't put up with the 100+ hours at a megafund which could be worse hours than his banking career.
does this make sense to u guys? do ppl actually turn down megafunds as bankers? i thought that shit was like the holy grail for them. |
Date: May 8th, 2012 11:30 PM Author: very tactful beady-eyed hell potus lol stfu. (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20649091) |
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Date: May 8th, 2012 11:31 PM Author: Unholy stubborn striped hyena This makes perfect sense to me, and yes, people do turn down mega funds. Most don't, but it happens and I'd do the same. (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20649104) |
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Date: May 8th, 2012 11:31 PM Author: very tactful beady-eyed hell potus tyft (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20649111) |
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Date: May 8th, 2012 11:39 PM Author: deep bawdyhouse happens all the time man
most people are so burned out by year two of their analyst stint that the thought of going back into the grinder again (even at 2x the comp) gives you pause
Also, comp is higher at megafunds. The $15B+ funds pay anywhere from 275k to 325k. Warburg does pay less than most though. |
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Date: May 9th, 2012 1:07 AM Author: Infuriating cowardly weed whacker toilet seat so ppl actually take 180k vs 250k?
crazy.
also iuno if they're that high his year, he said 240k was his megafund offer |
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Date: May 9th, 2012 1:08 AM Author: Unholy stubborn striped hyena The megafund pays less per hour and makes him work more hours. Both of those are bad things. How do they combine to be positive? (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20650364) |
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Date: May 9th, 2012 2:16 AM Author: Infuriating cowardly weed whacker toilet seat prestige? (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20651065) |
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Date: May 9th, 2012 3:17 AM Author: Unholy stubborn striped hyena MM PE is prestigious enough. (http://www.autoadmit.com/thread.php?thread_id=1943898&forum_id=2#20651429) |